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BA would consider stake in Indian carrier if FDI rules altered

25-Mar-2011 11:59 AM

British Airways Regional Commercial Manager for South Asia Judy Jarvis stated the carrier would be interested in investing in an Indian carrier if the government alters rules to allow foreign airlines to invest in India (Hindustan Times, 24-Mar-2011). "If the possibility arises, I am sure we would be interested but I am not sure which airlines. As a region it's certainly a good one to invest in. International Airlines Group (IAG) - the holding company of BA and Iberia - has made no secret of the fact that they would be very keen on an acquisition on a global scale. Asia is a key region and South Asia probably also," she said. India is an important market for the carrier, Ms Jarvis said. "In terms of number of flights and size of operations, it's the second biggest after the US, as a country. We have 45 flights a week, and that's quite a lot compared to other areas that we fly to," she stated. Ms Jarvis added that the carrier's codeshare with Kingfisher has given the carrier a "bigger footprint" in India. "We already fly to five cities in India and with Kingfisher as our codeshare partner we have added five cities to our network, and Sri Lanka as well. It gives us a much bigger footprint," she stated.